Travis Perkins offloads staircase manufacturer in £24m deal
Travis Perkins has sold its specialist floor kit, i-joist and staircase manufacturer for £24m, in a bid to become a pure-play building materials distributor.
Staircraft has been sold to Gait Consulting, which is majority owned by Andy Hamilton, the founder of Staircraft.
The Staircraft group operates from four sites in Coventry, Warwickshire and West Bromwich.
It secured a major investment from Travis Perkins in 2015, which led to the firm being acquired in 2021.
Amid ongoing difficulties, CEO Pete Redfern resigned on 10 March 2025 due to ill health, with chair Geoff Drabble stepping in to lead the management team in the interim.
The Northamptonshire-based builders’ merchant saw revenue decline by 4.7% for the year ending 31 December 2024, driven by weakening market conditions and underperformance in its Merchanting segment.
Duncan Cooper, chief financial officer of Travis Perkins said: “The sale of Staircraft is another step towards simplifying the Group’s operating model with a clear focus on being the UK’s leading distributor of building materials.
“The proceeds will be used to strengthen the Group’s balance sheet and will support our disciplined approach to reinvesting in our core assets.
“I would like to thank all colleagues in Staircraft for their contribution as part of the Group and wish them all the best for the future as an independent business.”
